The pan-African investment initiative backs Moroccan and Tunisian founders with capital and a comprehensive support program, while announcing a strategic alliance with ABAN to broaden investment access across the continent.
Madica, a pan-African investment initiative dedicated to supporting underrepresented founders, has announced its latest investments in two artificial intelligence startups: Morocco’s Hypeo AI and Tunisia’s Anavid. The move underscores a strategic push to bolster practical AI solutions within Africa’s burgeoning tech ecosystems, TechAfricaNews reports.
Both startups are harnessing AI to address core business challenges. Hypeo AI is automating the influencer marketing space, streamlining processes like brand-influencer matching, campaign management, and payments. Anavid, meanwhile, is focused on the retail sector, using computer vision technology to help stores reduce losses, optimize inventory management, and improve the overall customer experience.
“We are excited to support these innovative teams who are applying AI to solve real-world problems in their markets,” a Madica representative stated.
The investment package includes up to $200,000 in funding for each company and a place in Madica’s 18-month acceleration program. The program is designed to provide more than just capital, offering tailored mentorship, executive coaching, and immersion experiences designed to prepare the startups for sustainable growth and subsequent investment rounds.
In a parallel announcement aimed at strengthening the continent’s investment infrastructure, Madica revealed a new strategic partnership with the African Business Angel Network (ABAN). The collaboration is set to create co-investment opportunities and facilitate a shared deal flow between Madica and ABAN’s extensive network of angel investors, the same source underlined.
This partnership is intended to enhance connectivity between founders, early-stage investors, and innovation hubs, directly addressing the critical funding gap often faced by African startups.
Through these dual thrusts—direct investment in high-potential startups and ecosystem-building partnerships—Madica reinforces its commitment to building a more inclusive and distributed venture landscape in Africa. By backing founders like those at Hypeo AI and Anavid and forging alliances with organizations like ABAN, the initiative continues to position itself as a key catalyst for equitable technological growth across the continent.
TunisianMonitorOnline (NejiMed-TechAfricaNews)
